“The intelligent investor **is a realist who sells to optimists and buys from pessimists**.” — [[Ben Graham|Benjamin Graham]] ([Location 526](https://readwise.io/to_kindle?action=open&asin=B07CNFFJ9J&location=526)) --- **Tags** -- [[quotes]], [[value-investing]], [[optimism]], [[pessimism]], [[realism]] **Source** -- [[202506221723 - LN - Modern Value Investing]]